Practice Management
Yorkshire Building Society “will not reconsider” ban on unrated insurers
Yorkshire Building Society has said it has “no present intention” of reconsidering a ban it has decided to impose on firms with unrated indemnity insurers, even though the Solicitors Regulation Authority last week decided against one.
Law Society set to recruit “harassment advisers” to protect staff from bullies
The Law Society’s ruling council will today consider whether a network of “harassment advisers” should be set up to crack down on bullying at Chancery Lane.
Comparison sites sign up to consumer panel’s good practice standards
Two comparison websites have become the latest to sign up to the groundbreaking good practice standards pioneered by the Legal Services Consumer Panel.
Majority of respondents to SRA consultation backed ban on unrated insurers
The SRA has acknowledged that the majority of responses received to its consultation on banning unrated indemnity insurers favoured a ban. Of 31 responses, 18 were in favour and 13 against.
End of the annual accountant’s report is nigh
The Solicitors Regulation Authority has unveiled plans to remove the requirement that firms have their client accounts reviewed by an independent accountant and submit an annual accountant’s report.
SRA bids to slash minimum PII cover to £500,000
The Solicitors Regulation Authority has called for the minimum level of indemnity cover firms must obtain to be cut to £500,000. The existing limits are £2m for traditional partnerships, or £3m for incorporated practices.
Another unrated insurer “heading for liquidation”, says SRA – as it rejects ban
Another unrated indemnity insurer is “likely to be put into liquidation”, the Solicitors Regulation Authority (SRA) has warned. The news comes as the SRA announced that it will not introduce a ban on unrated insurers.
CLC “disappointed” with ministers on future of regulation
The Council for Licensed Conveyancers has become the first body to express disappointment with the Ministry of Justice’s announcement last week that it would not be making any major changes to the framework of legal regulation.
Underdog no more – National Accident Helpline targets £100m AIM float
Leading claims management company National Accident Helpline Limited has announced its intention to float on AIM, in a move which it hopes will value the business at £100m. The IPO is expected next month.
Building society to tell firms: use a rated insurer or you’re off the panel
The Yorkshire Building Society group will insist that all law firms on its conveyancing panel have rated professional indemnity insurers from 1 October 2014, it has announced. The rule will apply at once for new applicants to the panel.
Blog
Want sustainable growth? Look to operational excellence
Many firms are being forced to reassess where growth will come from. Increasingly, the answer lies in operational excellence: creating capacity from existing teams.
Our vision for 2026: A shared approach to AML
We want to see law firms start taking AML compliance as seriously as it deserves. This means treating it not as a tick-box exercise or a procedural necessity, but as a serious part of company culture.
Why later-life divorce requires a distinct professional framework
Later-life divorce, often described as ‘silver splitter’ or ‘grey divorce’ cases, is no longer a marginal feature of family law practice. It challenges long-standing assumptions about how divorce work is done.
